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In the Westminster model of government, what constitutes the core of the parliamentary system?
Cash Fund
A cash fund is a reserve of liquid money that a business or individual keeps on hand for meeting short-term obligations or emergencies.
Depreciated
Depreciation is the process of allocating the cost of a tangible asset over its useful life, reflecting the asset's wear and tear, deterioration, or obsolescence.
Operating Lease
A contract that allows for the use of an asset but does not convey rights of ownership of the asset, with payments made over a shorter period than the asset's useful life.
Lease Obligation
A financial commitment that represents the future payments an entity is obligated to make under lease agreements.
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